2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$906BCURRENT US$
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2012-2022
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GDP GROWTH
2.89%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$10,616CURRENT US$
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2012-2022
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GDP PC GROWTH
-9.24%CURRENT US$
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About

Finland-Turkey Trade: In 2022, Finland exported $1.29B to Turkey. The main products that Finland exported to Turkey were Sulfate Chemical Woodpulp ($183M), Kaolin Coated Paper ($164M), and Scrap Iron ($112M). Over the past 5 years the exports of Finland to Turkey have increased at an annualized rate of 6.28%, from $949M in 2017 to $1.29B in 2022.

In 2020, Finland exported services to Turkey worth $175M, with Computer and information services ($146M), Other business services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Turkey-Finland Trade: In 2022, Turkey exported $797M to Finland. The main products that Turkey exported to Finland were Other Engines ($99.1M), Iron Structures ($77.1M), and Cars ($30.7M). Over the past 5 years the exports of Turkey to Finland have increased at an annualized rate of 16.2%,  from $376M in 2017 to $797M in 2022.

In 2009, Turkey exported services to Finland worth $0, with being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $1.29B to Turkey. The main products exported from Finland to Turkey were Sulfate Chemical Woodpulp ($183M), Kaolin Coated Paper ($164M), and Scrap Iron ($112M). During the last 5 years the exports of Finland to Turkey have increased at an annualized rate of 6.28%, from $949M in 2017 to $1.29B in 2022.

In 2017, Turkey exported $797M to Finland. The main products exported from Turkey to Finland were Other Engines ($99.1M), Iron Structures ($77.1M), and Cars ($30.7M). During the last 5 years the exports of Turkey to Finland have increased at an annualized rate of 16.2%, from $376M in 2022 to $797M in 2017.

Exports from Finland (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Turkey (Flag)

Finland Exports

Turkey Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Turkey
Top Destination
Germany$21.9B

This map shows whether countries import more from Finland or Turkey. Each country is colored based on the difference in imports they receive from Finland and Turkey or the difference in the growth in imports.

In 2022, countries that imported more from Finland than Turkey included Sweden ($9.1B), Estonia ($3.58B), and Norway ($2.35B).

In 2022, countries that imported more from Turkey than Finland included Iraq ($13.7B), Germany ($21.9B), and United Kingdom ($13.7B).

Difference in imports from Turkey (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Turkey

Flow
Scale

This chart compares trade between Finland and Turkey by product, considering products traded by both, Finland and Turkey.

During 2022, Finland had a large net trade with Turkey in the exports of Paper Goods ($461M), Machines ($296M), and Metals ($244M).

During 2017, Turkey had a large net trade with Finland in the exports of Machines ($245M), Metals ($218M), and Transportation ($90M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Turkey+$27.6MRefined Petroleum
Top Product Potential Turkey Finland+$27.8MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Finland and Turkey. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Finland.

Product Space of Finland (Flag) and Turkey (Flag) (2022)

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